Next week India Inc kickstarts April-June earnings season of FY14. Brokerages are warning that the upcoming earnings season, which begins on the July 10 with IndusInd Bank's numbers, will not lay the groundwork for a blockbuster recovery as the year goes on.
Despite all that talk of taking steps to spur growth, boost investment, and get back on the high growth path, the UPA government may not have much to show as corporate earnings go. Experts say a depreciating rupee and global uncertainities have set the tone for a sluggish quarter to follow two consecutive quarters of near-zero growth.
However, Angel Broking cherry picks 8 stocks that you can buy now. According to the firm, these companies are likely to fetch 22-130% profit growth in April-June period.
Check out the stocks…

Maruti Suzuki
Q1FY14 Profit (estimates): : Rs 785 crore
YoY jump (estimates): 85.2%
Target: Rs 1822
Rating: BUY
Rationale: It reported around10% YoY decline in volumes in 1QFY2014 on account of a slowdown in petrol and diesel car sales and also due to decline in exports. However, with a 10% YoY growth in net average realisation, due to superior product-mix and price increases, it expects only a marginal decline of around1% in the top-line (excluding Suzuki Power Train operations).

Bharti Airtel
Q1FY14 Profit (estimates): : Rs 784 crore
YoY jump (estimates): 54.2%
Target: Rs 321
Rating: ACCUMULATE
Rationale: With rupee testing 60/USD telecom firms which have foreign currency debt exposure areset to be hurt by the ongoing slide in the rupee but Bharti is better placed as it is repaying its debt from the cash flows of African operation. In Africa, a majority of Bharti's revenue comes from Nigerian geography, the currency of which (Nigerian naira - NGN) has in fact appreciated in the last three months. So Bharti is not expected to undergo any negative impact due to the rupee's sharp depreciation. Due to translation of accounts into rupee denomination, the company might see translation losses on the interest repayments front but it will not incur any economic losses.

Lupin
Q1FY14 Profit (estimates): Rs 367.3 crore
YoY jump (estimates): 31%
Target: Rs 877
Rating: ACCUMULATE
Rationale: Lupin is expected to register a strong revenue growth of 31.1%. Its OPM is expected to expand by 220bps during the period, on account of which, the net profit will increase by around 31% for the quarter.

DB Corp
Q1FY14 Profit (estimates): : 28.1%
YoY jump (estimates): Rs 52 crore
Target: Rs 290
Rating: BUY
Rationale: The underperformance of print media stocks can be attributed to OPM pressure on account of losses in emerging editions, higher newsprint costs and cyclical nature of ad revenue growth (sluggish due to slower GDP growth). Due to these cyclical headwinds, stocks are currently trading at relatively cheaper valuations. However, considering the structural positives of the print business (high brand loyalty and significant entry barriers) and reduction in losses of emerging editions, print media stocks deserve a premium to the Sensex.

Cadila
Q1FY14 Profit (estimates): Rs 237.1 crore
YoY jump (estimates): 21.7%
Target: Rs 929
Rating: BUY
Rationale: Cadila is expected to post yet another strong quarter with a 20.1% growth in net sales to Rs 1,820cr, on the back of robustgrowth on the exports front. On the OPM front, we expect the company's OPM to dip by 190bp YoY to 15.7%. The net profit is expected to grow by 21.7% yoy to Rs 237 crore, on back of higher tax outgo.